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Central Oregon Market Report - August 31, 2022


Pick of the week 60480 Hedgewood Lane - Bend I've always been a big fan of the Stonegate neighborhood. Not just because the homes are beautiful, but it is surrounded by 2 golf courses, and within the community are paved trails, a gorgeous pool, hot tub, splash pad, playground, club house ect. This home offers open concept living spaces with vaulted ceilings, Swiss engineered flooring, gas f/p, solid stone countertops, S/S appliances and easy access to backyard. The Primary Suite has a beautiful bathroom with tile floors, a soaking tub, step in tile shower and custom upgraded storage systems in the walk-in closet. 4th bedroom can double as a bonus/rec room with a unique additional flex room. Office downstairs gives privacy for remote working. Freshly landscaped yard and pre-wired for a hot tub. The BBQ station on the covered patio is incl.


 

WEEKLY UPDATE

Buyer interest has continued to rebound a bit, even though interest rates took another slight bump up over the last week. Leverage for Buyers in purchasing negotiations has become much better over the last few months. Price, terms and concessions all seem to be favoring those Buyers that are willing to step up in this market after the huge shift in supply/demand. It's important that those on the fence consider that interest rates may continue to rise... Sellers are still set to do well in this market as well, but they need to make sure that their expectations are realistic and not based on the booming market we phased out of in early Spring. Homes that are priced and marketed well are still selling quickly and for market value. Overall the market continues to balance out and each sale needs to be a win-win for something to come together. (as it should be;)

- Greg

Mortgage Rate Updates



 

What Sellers Need To Know in Today’s Housing Market If you’re asking yourself if you’ve missed your chance to sell your house and make a move, the good news is you haven’t – motivated buyers are still out there. But you do need to price your house right for today’s market. Here’s why. Full Article


House Hacking: Now Is The Best Time To Start Real estate investing provides strategies that you can get around the barrier of entry by executing a tactic known as “house hacking”. Let’s talk about what that means. Full Article

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